Barry Swenson and Republic Urban Properties have broken ground on the Meridian project in Midtown San Jose. This is going to be a massive project for the area with 218 apartments, a park, and 15,800 sqft of pedestrian-oriented retail divided into 8 different units. The corner retail unit seems to be reserved for a restaurant. Total price tag is going to clock in at $68M.
While it only rises to 5-stories, it will add quite a bit of density to Midtown and help better connect the Downtown San Jose area with Santana Row. Another bonus is that this project is close to transit.
Build out is going to take 2 years and one of our readers that lives across the street has reported that most of the site has already been leveled, including the Meyer Appliance building.
Sources: SJBJ, Heather